Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 30, 2023, the Company amended the employment agreement between the Company and Mr. Stephen G. Berman, Chief Executive Officer and President, and entered into Amendment No. 8 to Mr. Berman's Second Amended and Restated Employment Agreement, dated as of November 11, 2010 (the "Berman Employment Agreement"). The terms of Mr. Berman's Employment Agreement have been amended as follows: to increase Mr. Berman's Base Salary to an annual rate of $1,800,000, effective January 1, 2023, and for each subsequent calendar year during the Term at an annual rate to be determined by the Compensation Committee of the Company's Board of Directors, but in an amount which is at least $25,000 more than the annual rate in the immediately preceding year.

All capitalized terms used but not defined in the prior paragraph have the meanings ascribed thereto in the Berman Employment Agreement, as amended by the eighth amendment.

The foregoing description of the eighth amendment to the Berman Employment Agreement is qualified in its entirety by reference to the full text thereof, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference into this Item 5.02.




Item 9.01.       Financial Statements and Exhibits.



(d)      Exhibits



Exhibit Description

10.1      Amendment No. 8 to the Employment Agreement of Stephen G. Berman
104     Cover Page Interactive Data File (formatted as Inline XBRL and contained
        in Exhibit 101)

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